Agricultural Inoculants Market Worth 437.1 Million USD by 2020
PUNE, India, March 10, 2016 /PRNewswire/ --
The report "Agricultural Inoculants Market by Type (Plant Growth-promoting Microorganisms, Bio-control Agents, Plant Resistance Stimulants), Source (Bacterial, Fungal & Others), Mode of Application, Crop Type, and by Region - Global Forecasts to 2020", The Agricultural Inoculants Market is projected to reach USD 437.1 Million by 2020 and it is projected to grow at a CAGR of 9.6% from 2015 to 2020.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 65 Tables and 51 Figures spread through 149 Pages and in-depth TOC on "Agricultural Inoculants Market"
http://www.marketsandmarkets.com/Market-Reports/agricultural-inoculants-market-152735696.html
Early buyers will receive 10% customization on this report.
Increase in organic and environment-friendly farming practices to cater the growing demand of organic agricultural products has resulted in the growth of the Agricultural Inoculants Market.
Plant growth-promoting microorganisms to dominate the Agricultural Inoculants Market
The plant growth-promoting microorganisms segment is dominating the Agricultural Inoculant Market and is projected to grow at the highest CAGR. The market is mainly driven due to their wide application. With the increase in health awareness among the population globally, the demand for organic agricultural products such as cereals & grains, fruits & vegetables, and oilseeds & pulses is increasing. This has led to the increase in demand of plant growth-promoting microorganisms for cultivation of cereals & grains, fruits & vegetables, and oilseeds & pulses. The increasing demand for chemical-free food has resulted in an increase in the demand of plant growth-promoting microorganisms.
Seed inoculation is a commonly used mode of application
Under seed inoculation, seeds are coated with microorganisms that help in nitrogen fixation and hence are majorly used for legumes and soybean production. Agricultural inoculants are majorly used in seed treatment for the production of legumes and soybean crops. Seed inoculation is the most common method of inoculation as it is easy and generally effective under most conditions. Countries such as U.S. and Brazil are the major producers of soybean in the world. U.S., Canada, Brazil, and U.K prefer seed treatments with seed inoculant products instead of genetically modified crops in organic crop production.
Increase in demand of organic food and usage of organic fertilizers key to success in the Latin American region
Brazil and Argentina constituted the largest country markets in the Latin American region in 2014. The increase in demand of organically grown food products by the population is fueling the market for agricultural inoculants in this region. Brazil and Argentina are the major contributors in the production of soybean. Agricultural inoculants are widely used for the soybean crops and hence the consumption of inoculants is expected to increase in the next five years. Latin America is one of the largest regions having organic agricultural land area which makes the demand for agricultural inoculants high in this region. North America accounted for the largest market share, due to the high rate of adoption of new technologies to increase the efficiency of crop production and minimize the cost of operations.
Speak to Analyst: http://www.marketsandmarkets.com/pdfdownload.asp?id=152735696
This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such BASF SE (Germany), E.I. Du Pont de Nemours and Company (U.S.), Bayer CropScience (Germany), Novozymes A/S (Denmark), and Verdesian Life Sciences, LLC (U.S.).
In terms of insights, this research report has focused on various levels of analyses industry analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global Agricultural Inoculants Market, high-growth regions, countries, and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities.
Browse related reports:
Biofertilizers Market by Type (Nitrogen-fixing, Phosphate-solubilizing & Potash- mobilizing), Microorganisms (Rhizobium, Azotobacter, Azospirillum, Cyanobacteria & Phosphate-Solubilizing Bacteria), Application, Crop Type & by Region - Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/compound-biofertilizers-customized-fertilizers-market-856.html
Biopesticides Market by Type (Bioinsecticides, Biofungicides, Bioherbicides, and Bionematicides), Origin (Beneficial insects, Microbials, and Biochemical), Mode of application, Formulation, Crop type & Region - Global forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/biopesticides-267.html
About MarketsandMarkets:
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/agriculture-industry
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article